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Resistance: 0.9499 strong / 0.9559 moderate / 0.9633 minor Support: 0.9425 moderate / 0.9365 minor / 0.9291 minor Bearish Engulfing is just under the pivot point in AUDUSD Hourly charts, a moderate bearish pattern below a strong resistance. Given proximity to 0.9499, we can consider shorts under the said price with stops placed above the Pivot Point for a low risk-high reward trade. Immediate objective is 0.9425 then on to 0.9365 break of which gives us a run on the market.

Resistance: 95.71 minor / 96.21 minor Support: 95.10 moderate / 94.60 strong / 93.99 moderate Market is generally bullish with Bullish Harami suggesting a further push up. Considering that Bullish Harami is a low level pattern look for a confimration of the bullish setup before going long. The immediate objective for any buy is 95.71 break of which suggests a run in the market, possibly a move for 96.21. Put a stop loss under 95.10. For pattern explanation and visual identification rules,

Market Review Yesterday we saw good data come in from the US as Empire State manufacturing came in at 7.84 versus the consensus of 0.50 and prior -1.43. The market initially had a muted reaction to the data, confirming 1629.00 as a level of support preventing our more cautious long of 1626.00 being reached. On the cash market open the added volume allowed equities to react to the good data and we saw the S&P tap out a high at 1641.00 before then moving lower into the close of the session.

Resistance: 0.8019 strong/0.8071 moderate/0.8151 minor Support: 0.7939 moderate/0.7886 minor/0.7806 minor NZDUSD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Outside Up. With a strong resistance at 0.8019, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 0.8019 before buying. Immediate target is 0.8071 then on to 0.8151. Stops should be placed below the patterns low.

GBPUSD Bearish Engulfing Hourly Chart Resistance: 1.5612 minor/1.5646 minor/1.5683 moderate Support:  well below forecasted values The Hourly GBPUSD chart has a mid level bearish pattern, Bearish Engulfing. Though already in a bear market price action is already overextended. New positions should be avoided while open sells should have their stops tightened to just above the patterns high. NZDUSD Bullish Engulfing Hourly Chart Resistance: 0.8019 strong/0.8071 moderate/0.8151 minor

NZDUSD Dragonfly Doji (Bear) Hourly Chart Resistance: 0.8019 strong/0.8071 moderate/0.8151 minor Support: 0.7939 moderate/0.7886 minor/0.7806 minor NZDUSD has a bias for the sell-side. Hourly charts also have a Dragonfly Doji (Bear) confirming market direction though proximity to a moderate support at 0.7939 suggests we should wait for a close below it before jumping short. The immediate target of any sell-off is 0.7886 break of which sees 0.7806.  Stops should be placed above the pattern

These calls are generated by members of our discussion forum Forexstreet.net who are not requested to provide a verifiable track record nor trading experience in the same way as dedicated contributors of our main site FXstreet.com. The information given in this report represents the member's personal opinions, its purpose is purely informational and should not to be construed as investment advice. Bloggers Calls

  1minute with ForexSurvivor Latest Impact: Dollar Ranging Ahead of FED, Dollar Index (8070) confronted yesterday high ahead of FED, and so far it failed. We are looking to sell the current level 8070 for 40 pips, adding at yesterday high if seen again. A close above 8090, negates the bullish stance.  

Review G8: Still full backing for Japan's relaxed monetary policy. The UK: The FX market is positioned for rising consumer prices, which may cause GBP to increase a bit before the announcement at 10:30. If, on the other hand, consumer prices offer a surprise decline, GBP will fall. This will happen because the market will then reckon with a higher probability of the coming central bank governor Carney pushing for a new round of easing measures. There are in particular two reasons why GBP has

Daily Forecast - 18 June 2013 Silver Spot XAGUSD Silver is mostly just moving sideways. Fibonacci support at 21.83 & then at 21.46/41 which could hold the downside today. A break lower looks unlikely but could target 21.19, possibly 20.98 but we expect to see a bounce from here. If we can hold above 21.80 a move back up towards 22.10/20 is likely. Look for a selling opportunity here but shorts need stops above 22.45 as a break higher could target 22.60/70.

Resistance: 1.3355 strong/1.3392 moderate/1.3418 minor Support: 1.3329 moderate/1.3292 minor/1.3266 minor Three Inside Down is just under the pivot point at 1.3355 in 4-Hour EURUSD charts. With a combination of a high level bearish pattern and a strong resistance consider shorting at market the immediate objective at 1.3329 break of which should see us move to 1.3292. Stop loss should be placed above 1.3355.

NZDUSD Three Inside Up 4-Hour Chart Resistance: 0.8019 strong/0.8071 moderate/0.8151 minor Support: 0.7939 moderate/0.7886 minor/0.7806 minor NZDUSD has a bearish bias though 4-Hour charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 0.8019, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 0.8019 before buying. Immediate target is 0.8071 then on to 0.8151. Stops should be placed below the patterns low.

Market Review On Friday we expected light volume, ranging markets with a bias to the ups ideas equities continued to firm off their tapering concern lows. Our S&P strategy was filled long at 1626.00 at 13:20 and then hugged this level until the US cash market open when the greater volume helped push the S&P out of its tight range to test our first target, 1634.25 just after 15:00. This profit target was set well as from here equities turned sharply to break through new lows on no new

Resistance: 1.5755 moderate/1.5793 minor/1.5848 minor Support: 1.5700 strong/1.5663 moderate/1.5607 minor GBPUSD is generally bullish with Hourly Bearish Engulfing occurring near a strong support level at 1.5700, the Pivot Point. With the pivot directly beneath us a close under 1.5700 has to be seen before jumping short. The immediate object will be 1.5663 break of which suggest you have a tanking market with 1.5607 as its target. Stops should be placed above the Pivot Point or alternatively

These calls are generated by members of our discussion forum Forexstreet.net who are not requested to provide a verifiable track record nor trading experience in the same way as dedicated contributors of our main site FXstreet.com. The information given in this report represents the member's personal opinions, its purpose is purely informational and should not to be construed as investment advice. Bloggers Calls

Review The US: Industrial production disappointed and caused the American SP500 to close on a negative note. Important events 10:00 NOR: Trade balance 11:00 The EU: Trade balance 06:30 JPY: Industrial production All economic indicators to be released on Monday and Tuesday will be eclipsed by Wednesday's press conference at the Fed. It is expected that Ben Bernanke will give an elaborate statement of the Fed's expectations in respect of reducing QE. The outcome of the press conference will

  1minute with ForexSurvivor Latest Impact: EURUSD Resistance is Non-Negotiable, EURUSD paramount portrayal this week would be a “wacky stance” as plethora of remarks would be heeded from G8 & the FED. Technically, the pair is eyed at whether to dismantle the confluence of resistances or not, namely, the downsloping resistance TL of year 2011-2013 @the reading of 13440, the 76% Fib line of the plummet that was initiated @ the beginning of Feb’13 @ the reading of 13480, and the weekly

Resistance: 1.3347 strong/1.3417 moderate/1.3459 minor Support: 1.3305 moderate/1.3236 minor/1.3193 minor EURUSD has a bearish bias. Although we have a Bearish Harami confirming market direction proximity to a moderate support level suggests we should wait for a close below 1.3305 before jumping short. Immediate objective for any sell-off would be 1.3236 break of which suggest a run on the market for 1.3193. Stops should be placed above the pattern high.

   WEEKLY EUR/CHF CROSS OUTLOOK - 1.2310 17 Jun 2013 01:15GMT Despite last week's selloff to as low as 1.2223, subsequent strg rebound to 1.2338 suggests erratic decline fm May's 1.2650 high has possibly formed a temp. bottom there n a retrace. to 1.2388/90 is likely, however, res at 1.2420 shud cap upside n yield another decline later. Buy on dips for gain to 1.2380 or sell there for weakness to 1.2240 but below 1.2223 needed to confirm aforesaid fall has resumed, 1.2197 later.

Daily Forecast - 17 June 2013 Silver Spot XAGUSD Silver is mostly just moving sideways. Fibonacci support at 21.83 & then at 21.46/41 which could hold the downside today. A break lower looks unlikely but could target 21.19, possibly 20.98 but we expect to see a bounce from here. If we can hold above 21.90 a move back up towards 22.10/20 is likely. Look for a selling opportunity here but shorts need stops above 22.45 as a break higher could target 22.60/70.

Resistance: 0.9721 moderate/0.9803 minor/0.9950 minor Support: 0.9574 strong/0.9491 moderate/0.9345 minor AUDUSD has a high credibility bullish pattern Three Outside Up in 4-Hour charts. With prices just above a strong support 0.9574, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 0.9721 break of which open us to a run for 0.9803 and a possible uptrend.

USDJPY Daily Forecast - 17 June 2013 USDJPY attempted 95.95/96.05 on Friday where we advised profit taking on longs for a high for the day & the top was 95.81. Last week we hit & held our target & solid long term support at 93.70/50 as predicted. We drifted towards this level again on Friday & we would expect this level to hold on a test this week. Exit shorts & try longs but we need wide stops being a major longer term level, in this case below 92.90. Look for 92.60 on a

Resistance: 1.5755 moderate / 1.5793 minor / 1.5848 minor Support: 1.5700 strong / 1.5663 moderate / 1.5607 minor Overall bias in GBPUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 1.5755 as the immediate target, possibly further on to 1.5793. A stop loss should be placed below 1.5700, the Pivot Point. The prudent course of action is to look for a confirming

Resistance: 95.08 strong / 96.38 moderate / 97.39 minor Support: 94.07 moderate / 92.78 minor / 91.76 minor USDJPY has a bearish bias though 4-Hour charts has formed a bullish reversal pattern Morning Star (Doji). With a strong resistance at 95.08, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 95.08 before buying. Immediate target is 96.38 then on to 97.39. Stops should be placed below the patterns low.

Resistance: 0.9274 moderate / 0.9331 minor / 0.9402 minor Support: 0.9202 strong / 0.9145 moderate / 0.9073 minor USDCHF is generally bullish with a high level bearish reversal pattern Evening Star (Doji) in Hourly charts just above a strong support level at 0.9202, the Pivot Point. Look to sell on a push under 0.9202 with stop losses just above the Evening Star (Doji) high. Our immediate objective is 0.9145 break of which may see us dropping to 0.9073.

Resistance: 1.5700 strong / 1.5755 moderate / 1.5793 minor Support: 1.5663 moderate / 1.5607 minor / 1.5570 minor GBPUSD has a bearish bias though 4-Hour charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 1.5700, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 1.5700 before buying. Immediate target is 1.5755 then on to 1.5793. Stops should be placed below the patterns low.

Resistance: 1.5663 moderate/1.5700 strong/1.5755 moderate Support: 1.5607 minor/1.5570 minor We have a low level bullish reversal, Bullish Harami in GBPUSD charts. Market is generally bearish while the pattern is just under a moderate resistance at 1.5663. Consider buys on on a close above 1.5663 for a push to 1.5700 break of which suggests a reversal for 1.5755. Stops should be placed below the patterns low.

Resistance: 0.8173 moderate/0.8249 minor/0.8388 minor Support: 0.8034 strong/0.7957 moderate/0.7818 minor NZDUSD has a high credibility bullish pattern Three Outside Up in Hourly charts. With prices just above a strong support 0.8034, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 0.8173 break of which open us to a run for 0.8249 and a possible uptrend.

NZDUSD Bullish Engulfing Hourly Chart Resistance: 0.8173 moderate/0.8249 minor/0.8388 minor Support: 0.8034 strong/0.7957 moderate/0.7818 minor We have a medium credibility pattern Bullish Engulfing in Hourly charts. Though ideally this needs a confirmation before trading, with prices just above a strong support consider buys off 0.8034, the Pivot Point. Stop losses can be placed just under the said price or alternatively the pattern low if beneath the Pivot Point. XAUUSD Bullish Harami Hourly

EURUSD Bearish Engulfing Hourly Chart Resistance: 1.3347 strong/1.3417 moderate/1.3459 minor Support: 1.3305 moderate/1.3236 minor/1.3193 minor EURUSD has a bias for the sell-side. Hourly charts also have a Bearish Engulfing confirming market direction though proximity to a moderate support at 1.3305 suggests we should wait for a close below it before jumping short. The immediate target of any sell-off is 1.3236 break of which sees 1.3193.  Stops should be placed above the pattern high.

XAUUSD Bearish Engulfing Hourly Chart Resistance: 1384.84 strong/1395.70 moderate/1405.67 minor Support: 1374.88 moderate/1364.02 minor/1354.06 minor Bearish Engulfing is just under the pivot point in XAUUSD Hourly charts, a moderate bearish pattern below a strong resistance. Given proximity to 1384.84, we can consider shorts under the said price with stops placed above the Pivot Point for a low risk-high reward trade. Immediate objective is 1374.88 then on to 1364.02 break of which gives us a

Daily Forecast - 14 June 2013 Copper CME July contract Copper ran out of steam as expected & broke 320 to retest this week’s low of 316.30. This held & we shot higher to our resistance at 321.90/322.50. This is holding the move nicely but today’s outlook is more positive so a break higher is possible & could reach our next target of 325.20/30, may be as far as 327.00/25. We could expect a high for the day here so exit longs & try shorts with stops above 328.25. Failure to beat

These calls are generated by members of our discussion forum Forexstreet.net who are not requested to provide a verifiable track record nor trading experience in the same way as dedicated contributors of our main site FXstreet.com. The information given in this report represents the member's personal opinions, its purpose is purely informational and should not to be construed as investment advice. Bloggers Calls

Daily Forecast - 14 June 2013 RBOB Gasoline July contract RBOB Gasoline shot higher to test the 200 day moving average at 287.25 & top out exactly here. We are starting to look overbought short term so should struggle here again today. We also have trend line resistance at 287.60 but above here we could retest this week’s high at 288.70. Any further gains run in to Fibonacci resistance at 290.90 which should offer a selling opportunity. Look for support at 285.15 then 282.90 which may hold

Resistance: 1.5755 moderate/1.5793 minor/1.5848 minor Support: 1.5700 strong/1.5663 moderate/1.5607 minor GBPUSD has a high credibility bullish pattern Morning Star (Doji) in Hourly charts. With prices just above a strong support 1.5700, the Pivot Point, aggressive buys may be taken with a stop loss just under the said price, or below the pattern low whichever is lower. Our price target will be 1.5755 break of which open us to a run for 1.5793 and a possible uptrend.

  1minute with ForexSurvivor Latest Impact: EURGBP Volcano Eruptin’…, EURGBP complex & multifarious assemblage is about to print an end. By all manners of means, it is unfathomable how the cross developed the following technical criteria without structuring an eyebrow  blow-out.  The double top in Q1, the multifocal of the numerous visits of the top @8600 between April & May, the chartering of a rectangle within a channel-downtrend  @the 38% fib line retracement of

USDJPY Bullish Engulfing Hourly Chart Resistance: 96.38 moderate/97.39 minor/98.69 minor Support: 95.08 strong/94.07 moderate/92.78 minor We have a medium credibility pattern Bullish Engulfing in Hourly charts. Though ideally this needs a confirmation before trading, with prices just above a strong support consider buys off 95.08, the Pivot Point. Stop losses can be placed just under the said price or alternatively the pattern low if beneath the Pivot Point. NZDUSD Bullish Harami Hourly Chart